
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What is Making Tax Digital and why do I need an accountant for it?
Making Tax Digital is an HMRC initiative requiring businesses and landlords to maintain digital records and submit quarterly updates. An accountant ensures you use compliant software, meet deadlines, and avoid penalties, whilst providing tailored advice for your specific circumstances in Farnham Surrey.
How do I find a qualified accountant in Farnham Surrey for MTD?
You can use AccountingFirms.co.uk to browse verified accountants in Farnham Surrey. The directory allows you to filter by accreditation such as ACCA or ICAEW, read client reviews, and compare services to find a professional who specialises in Making Tax Digital compliance.
What qualifications should a Making Tax Digital accountant hold?
Look for accountants with ACCA, ICAEW, or AAT accreditation, as these bodies ensure rigorous training and ethical standards. Such professionals are well-versed in HMRC regulations, VAT, Corporation Tax, and Self Assessment, providing reliable guidance for your digital tax obligations.
Can a Farnham Surrey accountant help with VAT and Corporation Tax?
Yes, a local accountant in Farnham Surrey can assist with VAT returns, Corporation Tax planning, and Self Assessment submissions. They offer personalised advice to minimise your tax liabilities and ensure full compliance with HMRC requirements, whilst helping you manage your digital records.
How often will I need to submit updates under Making Tax Digital?
Under MTD for Income Tax, you must submit quarterly updates to HMRC via compatible software, plus an end-of-year statement. An accountant in Farnham Surrey can manage these submissions on your behalf, ensuring accuracy and timeliness whilst reducing your administrative workload.
What are the penalties for not complying with Making Tax Digital?
HMRC imposes penalties for late submissions and failure to keep digital records. Working with a qualified accountant in Farnham Surrey helps you avoid these fines by ensuring your software is correctly set up and all deadlines are met, keeping your business compliant and stress-free.
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